How does Bitcoin provide value to investors? According to Andy Edstrom, the "clearest case is digital gold." Edstrom, CFA®, CFP®, managing director of Swan Advisor Services, and a financial advisor at Wescap Group, went down the Bitcoin rabbit hole in 2017 – when a bear market happened to be right around the corner and Bitcoin dropped from $20,000 to $3,000. Questioning his conviction, Andy put pen to paper and wrote “Why Buy Bitcoin,” the first and only book about Bitcoin published by a financial advisor. Writing the book was an exercise in testing his decision and his long-term forecast. Andy breaks down his Bitcoin thesis for Real Vision’s Ash Bennington. He also shares the 14 characteristics that define hard money, comparing Bitcoin to gold and other, similar assets. Where’s the risk for the world’s No. 1 cryptocurrency? And what kind of long-term price targets are realistic? Andy answers these questions and more. Recorded on June 7, 2022. Follow Andy on Twitter: https://twitter.com/edstromandrew.
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